Dallas Has Plenty of Rooms to Rent
GlobeSt.com today crunches Texas's apartment vacancy numbers and finds that multifamily units around the state -- and in Dallas very specifically -- are a little less full-up now than they were this time last year. There are, of course, two very obvious reasons for the rise in vacancies: the economy and the simple fact there are too many apartment units out there. And one analyst tells GlobeSt.com that when you look at stats in Dallas, San Antonio, Austin and Houston, "Dallas is likely to see the most decrease in occupancy, due to the large number of units under construction." But the credit crunch more or less put a halt to many developments, which analysts consider ... good news? How 'bout, "mixed blessing"?
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